PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
enigmatic ¯\_(ツ)_/¯don't put money into this stock unless you want to short it. not for holding long term. company making losses since 2017, I'd categorise it as deteriorating fundamentals.
sense makerThe company will have spent rm150m capex in 5 years by end of 2019, only to produce net loss after tax for most of the years, but it cried cash stringency and bad economy when it came to paying the supposedly routine rm10m dividend last December. Dividend was skipped last December, and the coming December 2019 may continue this new trend of zero dividend.
sapurakencanathis company always earn exceptional profit from sold of it subsidiary (life science-a potential subsidiary only sold at around RM5 mil (51% share),other section still continue incurred loss or profit continue reduce especially Sushi King put so big investment. I dont think is a good counter to invest.
sense makerA few years back, Sushi king was valued at rm400m plus when 28% stake was sold to Yoshinoya. Today, the whole texchem is valued at just rm60m by the market. No matter how lousy the management is, Sushi king should still be worth rm200m to rm300m lah.
23/07/2019 7:31 PM
chkhoojuIs Yoshiinoya still holding that 28%stake?
23/07/2019 7:48 PM
sense makerYes, yoshinoya is still holding it. Separately, This division of ‘Others’ sustained rm5.4m loss but the quarterly report gave no explanation whatsoever on it. The management is so irresponsible in reporting.
23/07/2019 8:27 PM
sense makerSushi king is worth nothing! Wow! Still got positive operating cash flow lah after adding back depreciation expenses to profit or loss after tax.
23/07/2019 9:10 PM
sense makerThe lousy Chicken rice shop is worth rm200m, or so it was said. Haha
23/07/2019 9:23 PM
7300aisay,ilurker, your points I can learn something too :)
23/07/2019 9:56 PM
7300not same the monkey money king ego only,fake rumours n brain don't have except ban n blame with retalation when someone don't agree with, I wonder he got spm onot!!!....wakaka
sense makerMarket capitalisation is only just rm60m now, after net of some shares held by its subsidiaries. Sushi king has 130 outlets, by far the largest Japanese chain restaurant in Msia. The Japanese MD should consider selling it for rm200m- rm300m. To argue it’s worth zero value is absurd lah. Lease liabilities total rm50m only. Most of the bank loans taken are secured against inventories and receivable, I.e for trading. So, it should be manageable providing the Japanese cut back capex loh.
23/07/2019 11:16 PM
AbhAng JordanStupid Japs , cannot make profit liquidate la n go back village with your ugly ducklings.
bankruptcy of Tim Ho Wan restaurant costing RM5.8 million raised doubts on ability of Restaurant Division to run restaurants.
now loss of 5 sen per share for 2018
2019 how? lose another 5 sen?
how many more 5 sen can Texchem lose?
how many more years of losses?
until the loss situation is clarified, share price will be depressed.
24/07/2019 12:11 AM
i3lurkerTaking Tim Ho Wan as an example. I used to eat at Tim Ho Wan very regularly.
Tim Ho Wan was doing very well with good crowds. Suddenly the food portion sizes shrank, buns became smaller in size etc etc
The chilli sauce used to be real chilli and premium chilli sauce. These suddenly disappeared and was replaced by cheap synthetic drum/bucket chilli sauce normally used by roadside hawkers.
For restaurants, the worse thing you can do is tinker with the food portion size and use fake chilli sauce.
Tim Ho Wan just collapsed after this 2 weird changes. I stopped going Tim Ho Wan and it entered my blacklist for using cheap hawker drum chilli. The crowds thinned out and restaurant became empty.
My prediction came true and it went bankrupt.
so you wanna buy Texchem who use cheap fake hawker drum chilli? Which type of fool will use that other roadside food hawkers?
24/07/2019 7:34 AM
apolloangpastor calvin,your pick this counter....hahaha
24/07/2019 10:28 AM
Philip GretaCalvin would rather pick Texchem than QL? Oh my gosh.
The funny thing about looking at asset based investing, t the more gruesome the business the cheaper it looks because of overselling. But a badly run business will burn assets and cash faster than you can notice
25/07/2019 8:32 AM
chkhoojuNo hope. Will definitely stop loss shortly.
i3lurkerdelay buying wait until Texchem can generate profits rather than blame the economy etc etc.
one unlisted restaurant group still generates net profit more than RM1 million a month with just a few outlets. Difference is, they do not use fake chilli sauce sold in drums meant for roadside hawkers use.
25/07/2019 5:36 PM
sense makerWhen you lose money, you cut cost and get leaner loh. The company is worth rm54m only now and the Japanese boss want to continue spending rm35m a year on capex to expand biz and some more expand losses. This is irresponsible. Besides he Suddenly chucked rm5m loss under other biz without explanation in this quarter. Meanwhile the shareholders’ dividend was sacrificed last year. Aiyoyo. Return to sanity lah, Japanese boss.
26/07/2019 7:05 PM
sense makerRm49m for the whole company. This Japanese boss has destroyed so much shareholders’ value all the way from rm180m just a few years ago.
29/08/2019 6:35 PM
AbhAng JordanBuy Buy Buy Rm50m for whole company and change JAPANBOSS to JAMBANBOSS.
lachai2004Selling was done by controlling shareholders and the same time the company was buying back to push up the price?
10/10/2019 6:55 PM
lachai2004The company had cut the losses incurred by Tom Ho Wan and increased the investment in 4 strategic divisions for 2019. The current quarter result shown that the losses had narrowed down.
Due to losses incurred in last 3 years, currently It's share price had plummeted to 0.40 from high of 1.60 which is left with 25% only.
The sales turnover per year is about 1.2billion with 4 divisions contributed almost evenly and with a paid up of 120 millions. Implying that, with small capital doing big business.
Furthermore, the assets were not revalue for many many years! So, if any of next coming quarters that it is able to show some profits, you may miss the golden opportunity for not accumulate now!!
28/10/2019 5:07 PM
lachai2004Reason for buy: turnaround/ recovery with expansion!
28/10/2019 5:11 PM
techlee229Texchem Resources Bhd reported a net profit of RM2.42 million for its first quarter ended March 31, 2019 (1QFY19), as it recorded an exceptional income of RM4.54 million versus a net loss of RM2 million in the same quarter last year.
30/10/2019 5:35 PM
BN256should change all the management and revamp and instil more dynamic talented managers in the group.
04/11/2019 2:35 PM
tradeworldOld management shall resign lah...shame !!!.. these people is stumbling block to the Co. how many years is under performance.
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